Deutsche Bank DigitalBanking: Chapter one

Brave new world?

Forgotten something? What are you more likely to turn back home for?

My smartphone!

You are not alone! At least one in five people can imagine coping without their wallet and paying with a smartphone. Almost two thirds of smartphone owners (61%), however, claim they couldn’t survive at all without their phones.

Source: Bitkom 2014

My wallet!

You belong to the majority – only one in five people can imagine coping without their wallet and paying only with a smartphone. Almost two thirds of smartphone owners (61%), however, claim they couldn’t survive at all without their phones.

Digital payments worldwide 2016 / 2020

With a total transaction volume of EUR 478.7bn, the USA will be the nation with the highest value of digital payments worldwide in 2016. But the rest of the world is rapidly catching up. Forecasts predict that the total transaction volume will grow from EUR 1,625bn in 2016...

Source: Statista 2016

Digital payments worldwide 2016 / 2020

...to EUR 2,984bn in 2020. What does this mean for big data and infrastructure?

Explainer

The digital society – a shift of power

Digital networking and Big Data are changing our daily lives – in social and economic terms. Anyone can now interact in digital spaces and make their voice heard. The digital society is paving the way for more transparency, participation and innovation.

Innovation in the digital age

Innovation in the digital age

Sarah Spiekermann

The professor at the Vienna University of Economics and Business thinks we are still “in some sort of kindergarten when it comes to the electronic age: we will have systems that are much more powerful than the ones we have now.”

Christoph Keese

Sarah Spiekermann

The professor at the Vienna University of Economics and Business thinks we are still “in some sort of kindergarten when it comes to the electronic age: we will have systems that are much more powerful than the ones we have now.”

thousand purchases have been made online worldwide since you started reading this chapter.

Source: Criteo 2015

Let’s take a look at how the digital revolution is changing the banking sector.